Aperture Investors LLC Boosts Stake in Shake Shack, Inc. $SHAK

Key Points

• Aperture Investors LLC increased its stake in Shake Shack by 43.8% during the first quarter, now holding approximately 251,435 shares worth about $22.17 million, making it the firm's 11th largest position.
• Numerous analysts have revised their target prices for Shake Shack, with Raymond James reissuing a "strong-buy" rating and setting a target price of $160, while the current consensus rating is "Hold" with a target price of $133.05.
• Shake Shack recently reported earnings of $0.44 per share, exceeding estimates, and a revenue of $356.47 million, up 12.6% from the same quarter last year.

Aperture Investors LLC raised its stake in Shake Shack, Inc. (NYSE:SHAK - Free Report) by 43.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 251,435 shares of the company's stock after purchasing an additional 76,638 shares during the quarter. Shake Shack accounts for 2.8% of Aperture Investors LLC's investment portfolio, making the stock its 11th biggest holding. Aperture Investors LLC owned about 0.59% of Shake Shack worth $22,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of SHAK. Driehaus Capital Management LLC purchased a new stake in shares of Shake Shack in the fourth quarter valued at approximately $66,349,000. Nuveen LLC purchased a new stake in shares of Shake Shack in the first quarter valued at approximately $42,802,000. Ameriprise Financial Inc. boosted its stake in shares of Shake Shack by 144.3% in the first quarter. Ameriprise Financial Inc. now owns 791,857 shares of the company's stock valued at $69,805,000 after buying an additional 467,748 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Shake Shack in the first quarter valued at approximately $17,064,000. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Shake Shack by 17.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 894,286 shares of the company's stock valued at $116,078,000 after buying an additional 134,475 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Shake Shack

In related news, Director Daniel Harris Meyer sold 20,000 shares of the company's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $140.07, for a total value of $2,801,400.00. Following the completion of the transaction, the director directly owned 367,984 shares in the company, valued at approximately $51,543,518.88. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Katherine Irene Fogertey sold 3,956 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $127.49, for a total value of $504,350.44. Following the completion of the transaction, the chief financial officer owned 35,750 shares of the company's stock, valued at $4,557,767.50. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,211 shares of company stock valued at $9,247,216 over the last quarter. Insiders own 8.50% of the company's stock.

Shake Shack Price Performance

Shares of NYSE SHAK traded down $0.33 during trading on Tuesday, reaching $105.67. The company had a trading volume of 881,186 shares, compared to its average volume of 1,450,160. Shake Shack, Inc. has a twelve month low of $72.93 and a twelve month high of $144.65. The stock has a market capitalization of $4.51 billion, a PE ratio of 229.73, a price-to-earnings-growth ratio of 2.42 and a beta of 1.68. The stock has a 50-day moving average price of $124.16 and a two-hundred day moving average price of $110.56. The company has a current ratio of 1.92, a quick ratio of 1.89 and a debt-to-equity ratio of 0.48.

Shake Shack (NYSE:SHAK - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.07. Shake Shack had a return on equity of 9.78% and a net margin of 1.50%.The company had revenue of $356.47 million during the quarter, compared to analysts' expectations of $352.56 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. Shake Shack has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Shake Shack, Inc. will post 1.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Bank of America lifted their price target on Shake Shack from $134.00 to $148.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. lifted their price target on Shake Shack from $100.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, June 25th. TD Securities reiterated a "hold" rating and set a $105.00 target price on shares of Shake Shack in a research report on Thursday, June 26th. BTIG Research downgraded Shake Shack from a "buy" rating to a "neutral" rating in a research report on Monday, June 2nd. Finally, Morgan Stanley boosted their target price on Shake Shack from $122.00 to $126.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $133.05.

Shake Shack Profile

Shake Shack Inc owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.